5 min read

🌊 How to Buy FLOW Token

Flow token

Non-fungible tokens have received incredible popularity for a year only, so more blockchain projects introduce NFTs to people and offer to trade them for cryptocurrency. One such blockchain network is Flow, which was created for a new generation of games and collectibles. This platform for gaming enthusiasts and professional game development companies has its native token to stake and participate in it.

Known as FLOW, it was offered for sale only in September 2020, but nowadays many investors are interested in this token and plan to buy it. Where can they do that and in what way? Find out how to buy FLOW from this article.

A quick guide on buying FLOW

Many exchanges offer trading FLOW only for cryptocurrency and Binance is not an exception. It is an exchange to buy FLOW instantly with BTC, USDT, BUSD, or BNB by following these steps:

  1. Go to the Binance official website and register/log into an account.
  2. Fund your account with BTC, USDT, BUSD, or BNB.
  3. Select the Trade tab on the upper menu, then select Convert.
  4. Select the coin you deposited in the "From" box and input an amount.
  5. Enter FLOW in the "To" box
  6. Click on "Preview Conversion"
  7. Confirm and verify the order.
  8. Binance will add the purchased FLOW tokens to your wallet balance.

How to buy FLOW coin

Every investor wants to find the best place to buy FLOW, and there is nothing surprising. Better rates, minimum of details required, and trading pairs are only some of the reasons to analyze several exchanges that list FLOW. If you want to learn not only where to buy FLOW but also how to do that with a debit card, with Paypal, or with pounds, keep on reading and you will learn if it is possible and where you can do that.

Huobi

Huobi supports FLOW trading only for USDT, BTC, and ETH. This crypto exchange has been operating since 2013 and the trading procedure looks quite traditional:

  1. Press the Sign-up link in the upper right corner of the website.
  2. Provide a valid phone number or email address as well as the country of your location to verify your contact method.
  3. Fund the account with fiat money to buy USDT, BTC, or ETH on the exchange or transfer existing digital assets.
  4. When you receive crypto that makes up a pair with Flow, enter the Spot market and enter FLOW in the search bar.
  5. Select the pair you prefer.
  6. Enter the amount of FLOW to purchase and you will see how much USDT, BTC, or ETH you should give instead.
  7. Finalize the process by following the hints provided.

Visit Huobi

OKEx

Another popular exchange that offers to buy FLOW for USDT is OKEx. This platform only allows registered users to trade coins and buying FLOW also requires investors to take the following steps:

  1. Join the platform and complete the KYC process
  2. Fund the account with USDT by transferring coins from another wallet or deposit fiat money to buy USDT and trade it.
  3. Select the Market category in the upper menu and press the Spot tab.
  4. Choose FLOW from the list of coins traded.
  5. Select the USDT/FLOW pair.
  6. Enter the amount of FLOW to buy and USDT to give.
  7. Complete the process and wait for the delivery of FLOW to your exchange balance.

Visit OKEx

Kraken

Kraken is one of the few exchanges to sell FLOW for fiat money. On the platform, you can buy FLOW with GBP in addition to BTC and USDT. You can also buy this token with EUR. No matter what currency you choose to get FLOW with, the procedure is similar:

  1. Register on the exchange and verify your identity to start trading.
  2. Go to "Buy Crypto"
  3. Select GBP or any of your preferred and listed fiat currencies.
  4. Click on "Buy" 
  5. Choose FLOW crypto from the list.
  6. Add and verify your bank card.
  7. Input the amount of FLOW to purchase.
  8. Review and complete the payment.
  9. Kraken will add the purchased coins to your balance.

CoinList

One of the platforms that pioneered launching a FLOW auction is CoinList. Currently, it also offers this token for sale for both USD and USDT. How can you get it? The procedure is simple:

  1. Open the Coinlist website and select "Exchange."
  2. Enter your existing account or create a new one.
  3. Fund your account in USD or USDT.
  4. Select the FLOW pairing you need from the list (e.g FLOW/USD or FLOW/USDT).
  5. Exchange the necessary amount of fiat or cryptocurrency for FLOW by entering amounts respectively and completing the transaction.
  6. CoinList will add the purchased assets to your balance.

Things to consider before buying FLOW

Each crypto platform warns investors that trading is a risky process, so when you decide to buy FLOW, there are several things to remember:

  • Crypto assets are volatile, so it is more reasonable to buy them when they are at extremely low prices.
  • Compare rates on several exchanges to get the best FLOW deal.
  • Invest only that amount you can afford since trading is risky.
  • Do your own research on FLOW, the project it powers, its perspectives, and price changes. Doing so allows you to have a strong conviction and weather any volatility.
  • Learn about market capitalization to evaluate the level of risk.

Where to store FLOW

Ledger wallets

The developers of the FLOW project have created a reliable and secure wallet called Dapper to keep their native tokens. Dubbed the "smart contract wallet,"  Dapper allows storing, transferring, and receiving payments in a fast and easy manner. It offers secure storage with multi-signature support with a co-signing check, recovery operation, and stand-alone full and cloned wallets.

Meanwhile, you can achieve top notch-security for your FLOW tokens by using a Ledger hardware wallet that also supports the FLOW application.

Privacy and security tips

It makes no difference what coin you are planning to buy or sell, security must be the number-one consideration anyway. What should you remember?

  • Secure your email address with a strong password and 2-factor authentication.
  • Prepare a secure wallet to store coins.
  • Be careful not to get into a scam or scheme that promises instant riches.
  • Try to withdraw FLOW coins from the exchanges to secure storage immediately after purchase.
  • Avoid public internet and Wi-Fi connections to avoid losing important details.
  • Never share your private keys with anyone.
  • Audit your security measures on a regular basis and make the necessary updates.

Conclusion

The FLOW token has shown significant growth since its initial offering, making it a popular crypto asset. If you are considering where to buy FLOW and how to do that, this article has provided a guide for the most popular and trusted exchanges. Follow the procedures described and you will receive your FLOW tokens easily and quickly with a minimum of effort.